First National Bank, Pleasantville, NJ (Charter 6508)
First National Bank, Pleasantville, NJ (Chartered 1902 - Receivership 1934)
Town History
Pleasantville is a city in Atlantic County, New Jersey. The city was named by David Ingersoll for its surroundings. Pleasantville was originally incorporated as a borough by an act of the New Jersey Legislature on January 10, 1889, from portions of Egg Harbor Township, based on the results of a referendum held on December 15, 1888. Pleasantville was incorporated as a city on April 14, 1914. As of the 2020 United States census, the city's population was 20,629. In 1900 the population was 2,182, growing to 11,580 by 1930.
Pleasantville had three National Banks chartered during the Bank Note Era, and two of those banks issued National Bank Notes.
Bank History
- Organized October 9, 1902
- Chartered November 26, 1902
- Opened for business December 1, 1902
- Conservatorship March 24, 1933
- Receivership November 21, 1934
The Comptroller of the Currency approved the application to organize the First National Bank of Pleasantville, capital $25,000. Blanks were sent to J.H. Nixon, Atlantic City. The incorporators were J.B. Thompson, Daniel B. Ingersoll, John R. Fleming, E. Bartine Johnson and John E. Blake. A charter was issued on November 26th with Charles A. Campbell, president; and Jere H. Nixon, cashier.
In January 1907, the directors were C.A. Campbell, Charles Adams, John F. Ryon, Alvin P. Risley, Albert P. Lake, W.I. Garrison, Geo. W. Leech, J.C. Stebbins, and Hugh Collins. The officers were C.A. Campbell, president; John F. Ryon, vice president; and Geo. H. Adams, cashier. The banking house was located on Washington Avenue.
On Wednesday, January 11, 1911, at the annual meeting of stockholders, directors were elected as follows: C.A. Campbell, John F. Ryon, William I. Garrison, George Leech, Alvin P. Risley, George B. Jeffers, Hugh Collins, Charles S. Adams, and Job Stebbins. The directors organized by re-electing Mr. Campbell, president; Mr. Ryon, vice president; George H. Adams, cashier; Osborne Ware, assistant cashier; and Floyd M. Smith, bookkeeper.
On Tuesday, Jan. 12, 1915, stockholders elected the following directors: John F. Ryon, Alvin P. Risley, Job C. Stebbins, Charles S. Adams, Lewis B. Ryon, Geo. W. Leech, Hugh Collins, Geo. B. Jeffers. The directors organized by electing John F. Ryon, president; Charles S. Adams, first vice president; Hugh Collins, second vice president; George H. Adams, cashier; Osborne Ware, assistant cashier; Floyd M. Smith, bookkeeper; and Horace Ingersoll, assistant bookkeeper.
On Tuesday, January 10, 1922, the stockholders elected directors for the ensuing year as follows: John F. Ryon, Alvin P. Risley, Job C. Stebbins, Chas. S. Adams, Lewis B. Ryon, George W. Leech, Hugh Collins, Geo. B. Jeffers. The directors organized by electing John F. Ryon, president; Charles S. Adams, first vice president; Hugh Collins, second vice president; Alvin P. Risley, third vice president; George H. Adams, cashier; Osborne Ware, assistant cashier; Floyd M. Smith, paying teller, Evi Ware, receiving teller; Harry W. Helfrich, Jr., bookkeeper; and Lewis H. Adams, assistant bookkeeper. Following the meeting, the officers and directors dined at Smithy's Restaurant.
The bank closed on March 23, 1933. On Monday, September 24, 1934, the Reconstruction Finance Corporation announced that for the month of July 1934, loans totaling $481,000 to banks and trust companies in New Jersey. The conservator of the First National Bank of Pleasantville received $360,000.
On Monday October 22, 1934, the Mainland National Bank, formerly the First National Bank of Pleasantville, opened for business. Its charter, No. 14289, was issued on the 20th. The bank had been reorganized with 754 stockholders and subscriptions totaling $127,000. The new bank paid a 25% dividend to depositors of the First National. Charles S. Adams, former president of the First National, was chairman of the board of directors of the new institution. Anthony P. Miller of Anthony P. Miller, Inc., General Contractors for Pennsylvania-Reading Seashore Lines Improvements, Atlantic City, was president; Harry Brown, vice president; Ralph Saunders, John L. Mahoney and Thomas B. Wootton, members of the board. Osborne Ware was the cashier.
Charles E. Bertman was appointed receiver in February 1935. He was a resort attorney and the Democratic candidate for the Assembly in 1933 and 1934. He died on May 1, 1935, following an operation for appendicitis.
Official Bank Title(s)
1: The First National Bank of Pleasantville, NJ
Bank Note Types Issued
A total of $674,180 in National Bank Notes was issued by this bank between 1902 and 1934. This consisted of a total of 62,209 notes (35,644 large size and 26,565 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Red Seal 3x10-20 1 - 1356 1902 Date Back 3x10-20 1 - 2580 1902 Plain Back 3x10-20 2581 - 7555 1929 Type 1 6x5 1 - 2050 1929 Type 1 6x10 1 - 1610 1929 Type 1 6x20 1 - 502 1929 Type 2 5 1 - 1128 1929 Type 2 10 1 - 465
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1902 - 1934):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Pleasantville, NJ, on Wikipedia
- Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
- Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
- Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
- Courier-Post, Camden, NJ, Wed., Sep. 17, 1902.
- Asbury Park Press, Asbury Park, NJ, Tue., Dec. 2, 1902.
- Pleasantville Weekly Press, Pleasantville, NJ, Sat., Jan. 5, 1907.
- Pleasantville Weekly Press, Pleasantville, NJ, Sat., Jan. 14, 1911.
- Mainland Journal, Pleasantville, NJ, Sat., Jan. 16, 1915.
- Mainland Journal, Pleasantville, NJ, Sat., Jan. 14, 1922.
- The Record, Hackensack, NJ, Mon., Sep. 24, 1934.
- Press of Atlantic City, Atlantic City, NJ, Thu., Oct. 18, 1934.
- The Courier-Post, Camden, NJ, Thu., May 2, 1935.